Investment Counselors of Maryland LLC boosted its position in Acxiom Corporation (NASDAQ:ACXM) by 49.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 721,589 shares of the information technology services provider’s stock after acquiring an additional 237,875 shares during the period. Investment Counselors of Maryland LLC owned 912,595.17% of Acxiom Corporation worth $17,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Acxiom Corporation by 19,342.4% in the 1st quarter. BlackRock Inc. now owns 8,062,375 shares of the information technology services provider’s stock worth $229,535,000 after purchasing an additional 8,020,907 shares during the period. Marshall Wace North America L.P. lifted its position in shares of Acxiom Corporation by 424.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 701,173 shares of the information technology services provider’s stock worth $18,230,000 after purchasing an additional 567,559 shares during the period. Vanguard Group Inc. lifted its position in shares of Acxiom Corporation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 6,283,499 shares of the information technology services provider’s stock worth $178,892,000 after purchasing an additional 372,982 shares during the period. Rice Hall James & Associates LLC lifted its position in shares of Acxiom Corporation by 40.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,018,357 shares of the information technology services provider’s stock worth $26,457,000 after purchasing an additional 293,963 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Acxiom Corporation by 32.7% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,169,345 shares of the information technology services provider’s stock worth $28,812,000 after purchasing an additional 288,010 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Acxiom Corporation (NASDAQ ACXM) traded down $0.30 during trading on Thursday, reaching $26.20. 29,446 shares of the company’s stock traded hands, compared to its average volume of 463,798. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 2.27. The stock has a market capitalization of $2,082.88, a PE ratio of 109.67, a PEG ratio of 5.01 and a beta of 1.28. Acxiom Corporation has a twelve month low of $21.80 and a twelve month high of $30.40.

Acxiom Corporation (NASDAQ:ACXM) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. Acxiom Corporation had a negative net margin of 1.31% and a positive return on equity of 2.61%. The business had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $222.05 million. During the same period in the previous year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts forecast that Acxiom Corporation will post 0.35 earnings per share for the current fiscal year.

In related news, CFO Warren Jenson purchased 10,000 shares of Acxiom Corporation stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $22.09 per share, for a total transaction of $220,900.00. Following the completion of the purchase, the chief financial officer now directly owns 377,415 shares of the company’s stock, valued at approximately $8,337,097.35. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.54% of the company’s stock.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Acxiom Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $35.00 target price on shares of Acxiom Corporation in a research report on Thursday, November 2nd. Dougherty & Co reissued a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. BidaskClub cut shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.60.

About Acxiom Corporation

Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.

Institutional Ownership by Quarter for Acxiom Corporation (NASDAQ:ACXM)

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